"We'll see what happens, but my agent and the club are talking," Ramsey said recently. "I'm not sure exactly what it hinges on, I'm just leaving it to them to discuss and to figure it out but we are yet to come to an agreement."

The Daily Mail reports that if Arsenal is unable to agree new terms for Ramsey before deadline day, Chelsea is prepared to move in and make an offer.

The report claims the asking price will be about £30m ($40m) for Ramsey, who could move for free in the summer of 2019 if no new deal is signed.

Although the move would stop the three-time FA Cup winner from leaving for nothing in a year's time, signing for Chelsea would be a huge blow to the Arsenal fan base, who have also watched the likes of Alexis Sanchez, Alex Oxlade-Chamberlain and Robin Van Persie leave for Premier League rivals in recent years.

Chelsea is still believed to be in the market for another midfield player this summer, despite the capture of Jorginho from new manager Maurizio Sarri's old club Napoli.